House Votes To Revoke Insurer Antitrust Exemption

Law360, New York (February 24, 2010, 5:36 PM EST) -- The U.S. House of Representatives voted Wednesday to repeal the antitrust exemption that currently covers health insurance companies, a move that comes ahead of Thursday's scheduled bipartisan summit on health care reform aimed at reviving overhaul efforts.

In an overwhelming 406 to 19 vote, the House passed the Health Insurance Industry Fair Competition Act, or H.R. 4626, which is designed to revoke the antitrust exemption for health insurance companies put in place 65 years ago by the McCarran-Ferguson Act. The rationale for the exemption was to...
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